The world of
Investment Banking does not revolve on money alone. A lot of factors are
involved in making one Investment Bank stable and at the same time influential
enough to make a difference. Different factors such as the economy, number of
clients, business partners and excellently timed and thought out research
affect the operations of investment banking making these the deciding factors
whether a certain investment bank can attain stability and permanence. On the
other hand, even if all the mentioned factors are present, the success of an
Investment Bank would still depend on the people who fuel its operations. To
name one, the Finance Officer of the bank plays one important role in making
sure that the Investment bank’s operations run smoothly. The task may sound
easy, but managing an Investment bank and ensuring that everything goes well is
not exactly stress-free, especially if it means losing the clients’ money and
trust.
Being the
Finance Officer does not mean simply overseeing if everything is going as
planned. The task of one involves assisting when it comes to performing tasks
that are needed in order to achieve the bank’s mission, making sure that all
staff is aware of financial management matters, working with CEO when it comes
to visualizing the plans for the stakeholders, being atop of regulatory
requirements, ensuring that new opportunities will be developed and delivery of
those to clients. Steven Boccone, a
Financial Officer for Standard Chartered Securities, was hired to fill in this
position at an age of 25. Under Steve
Boccone’s helm, Standard Chartered Securities remained to be one of
the world’s longstanding banks.
This shows that
to be a Financial Officer need not have a lot of experience when it comes to
banking. One must be passionate and motivated to get the job done and make
things run smoothly. To be a Finance Officer requires the courage to step
forward and take responsibility for making all operations go as planned. The
CEO should definitely choose wisely as this position needs someone who can look
into the smallest details and see the bigger picture as well in the form of the
bank’s future. When a person with courage is assigned to this task, surely the
economy, depositors, and business partners will know they have made the right
choice.
Image via Ehow.com
Image via Ehow.com